November 2017 News

There's a problem with Australia's private health insurance cover. In fact, only 55 per cent of the population have insurance covering general treatment, according to the latest Australian Prudential Regulation Authority (APRA) statistics.

The average Australian health insurance premium has increased by between 4.8 and 6.2 per cent every year since 2010, Department of Health data shows. While the vast majority of consumers still see great value in their health insurance, it's understandable that some are put off by these continuous price increases.

Over 13.5 million Australians have some form of private health insurance, Australian Prudential Regulation Authority (APRA) data shows. That's well over half the population, a coverage level far better than many other advanced nations like New Zealand, the UK and Ireland.